Real Estate Blog

Severyn Development Inc. is using a cluster of properties in and around the Oxford Avenue triangle neighborhood in Buffalo to construct new residential housing.

The duplexes will be spread over different lots on Harvard Place, Oxford Avenue and Lafayette Avenue and will mirror similar six that Severyn built in the suburb of Lancaster. In each instance, the duplexes are occupied under a lease with future purchase option.

“It’s a good way to get going (on owning a home),” said William Severyn,…

New York real estate brokerage firm Douglas Elliman announced Aug. 20 that it will make its first foray into Texas through a joint venture with Houston-based real estate sales and marketing firm Sudhoff Cos.

While neither company described the deal as an acquisition, Scott Durkin, president and COO of Douglas Elliman, told the Houston Business Journal that Sudhoff Cos. will operate under the Douglas Elliman flag.

“Both companies have skin in the game, but it will be a Douglas Elliman operation,…

Homelessness has become a huge issue in the Portland metro region in recent years.

Now we know just how huge.

A new study from Portland State University found that more than 38,000 people experienced homelessness in Multnomah, Clackamas and Washington counties in 2017. That number includes people who were living in shelters, cars, on the street and who were staying with friends or family due to economic hardship.

The study also estimated that it would cost between $2.6 billion and $4.1 billion…

Expired entitlements, an owner who couldn’t pull it off and battles with the U.S. Army Corps of Engineers didn’t stop a high-end condominium project on the Sacramento River.

Project developer names general contractor for the project that will be nearly 500 feet tall.

The investor said he will be sinking millions into renovations at the recently purchased properties — meaning hefty rent increases will follow — and is already eyeing more acquisitions: “We're still strong believers in the market.”

A range of experts and analysts, as well as tourism and government officials, spoke to CBJ about some potential funding options for a new NFL stadium.

The owners of Downtown's Gibson Guitar building recently signed a $58 million mortgage for that building's ongoing redevelopment and, possibly, the construction of the Clipper office building.

Work includes marquee repairs, facade renovations and a new revolving door.

US Bank's James Payne is the CRE Banker of the Year at the Business Journal's inaugural CRE Leadership Awards.